Usha Resources Announces Digital Marketing Agreement for Up To US$500,000
Suite #400 – 1681 Chestnut Street, Vancouver, BC V6J 4M6
www.usharesources.com
Usha Resources Announces Digital Marketing Agreement for Up To US$500,000
Vancouver, British Columbia / July 22, 2024 – Usha Resources Ltd. (“USHA” or the “Company”)
(TSXV: USHA) (OTCQB: USHAF) (FSE: JO0), a North American mineral acquisition and exploration
company, is pleased to announce that it has entered into a digital marketing agreement dated July 21, 2024
(the "Agreement") with Sidis Holdings Ltd. (“Sidis”), whereunde r Sidis will provide digital media,
marketing strategies, advertising and awareness campaigns for a fee of up to $500,000 (U.S.) for a term of
six (6) months to be spent at the Company’s discretion.
The engagement of Sidis complements the initial engagement of H illside Consulting and Media Inc.
(“Hillside”) on July 16, 2024, a leading investor relations fir m whose work this year includes services
provided to Forge Resources Corp. (see PR dated April 15, 2024).
These strategic moves follow the recent execution an option (th e "Option" or "Option Agreement") with
Abitibi Metals Corp. ("Abitibi" or the "Optionor") for the righ t to purchase an undivided 100% interest in
the Southern Arm property ("Southern Arm" or the "Property", see PR dated July 17, 2024).
The Southern Arm Option was negotiated following payment of US$ 75,000 by Stardust Power, Inc. (MC
$675M) pursuant to the Letter of Intent granting the right to e arn up to a 90% interest subject to a 2% Net
Smelter Royalty in Usha’s Jackpot Lake Lithium Brine Project for total consideration that could total up to
US$26,025,000 over five years inclusive of payments comprising US$1,525,000 cash, US$750,000 stock,
US$15,750,000 stock or cash at Stardust Power’s election, and a work commitment of (US$8M).
The full details of the LOI are included in Usha’s press releas e dated May 17, 2024 . The transaction is
subject to the satisfaction of a number of conditions. The Company cautions that there is no guarantee that
the Definitive Agreement will be completed.
Highlights of the Southern Arm Property include:
A ~7.3 km conductive trend along the regional-scale Bapst fault within the volcanic rocks of the
Brouillan-Fenelon Group, which hosts the nearby Selbaie Mine and B26 Deposit and is prospective
for polymetallic VMS-style mineralization.
Multiple drill targets already identified including “Hollywood” where anomalous metals values
have been identified over a ~1.8 km footprint that is open along strike.
The Property is situated in a region famous for its endowment in precious and base metals. Notable
nearby projects include:
o ~16 km from the high-grade B26 Copper deposit, which hosts an indicated resource of 6.97
at 2.94% Cu Eq (1.32% Cu, 1.80% Zn, 0.60 g/t Au and 43 g/t Ag) and an inferred resources
of 4.41 Mt at 2.97% Cu Eq (2.03% Cu, 0.22% Zn, 1.07 g/t Au and 9 g/t Ag; and
o ~15 km from the Fenelon Gold Project, which hosts as indicated resource of 2.4 Moz Au
and inferred 1.7 Moz Au; and
o ~15 km from the historic Selbaie mine, which produced 53 Mt at 0.96% Cu, 1.9% Zn, 0.58
g/t Au, 40.7 g/t Ag.
Exploration targets at Southern Arm were produced by the Abitibi Metals technical team, who will
be acting in an advisory role as the Company progresses the pro posed exploration strategy. Fully
funded drill program planned for Fall 2024.
Qualified person
Suite #400 – 1681 Chestnut Street, Vancouver, BC V6J 4M6
www.usharesources.com
The technical content of this news release has been reviewed an d approved by Mr. Deepak Varshney,
P.Geo., a qualified person as defi ned by National Instrument 43 -101. Historical reports provided by the
optionors were reviewed by the qualified person. The informatio n provided has not been verified and is
being treated as historic non-compliant intercepts.
About Usha Resources Ltd.
Usha Resources Ltd. is a North American mineral acquisition and exploration compan y focused on the
development of quality critical metal properties that are drill -ready with high-upside and expansion
potential. Based in Vancouver, BC, Usha’s portfolio of strategi c properties provides target-rich
diversification and includes Southern Arm, a copper-gold VMS project in Quebec, Jackpot Lake, a lithium
brine project in Nevada and White Willow, a lithium pegmatite project in Ontario that is the flagship among
its growing portfolio of hard-rock lithium assets. Usha trades on the TSX Venture Exchange under the
symbol USHA, the OTCQB Exchange under the symbol USHAF and the Frankfurt Stock Exchange under
the symbol JO0.
USHA RESOURCES LTD.
For more information, please call 778-899-1780, email [email protected] or visit
www.usharesources.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements:
This news release may include "forward-looking in formation" under applicable Canadian securities
legislation. Such forward-looking information re flects management's current beliefs and are based on a
number of estimates and/or assumptions made by and information currently available to the Company that,
while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that
may cause the actual results and future events to differ materially from those expressed or implied by such
forward-looking information. Read ers are cautioned that such forwar d-looking information are neither
promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not
limited to, general business, economic, competitive, political and social uncertainties, uncertain and
volatile equity and capital markets, lack of availabl e capital, actual results of exploration activities,
environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays
in obtaining governmental approvals and permits, and other risks in the mining industry.
The Company is presently an exploration stage company . Exploration is highly speculative in nature,
involves many risks, requires substantial expenditu res, and may not result in the discovery of mineral
deposits that can be mined profitably. Furthermo re, the Company currently has no reserves on any of its
properties. As a result, there can be no assurance that such forward-looking statements will prove to be
accurate, and actual results and fu ture events could differ materially from those anticipated in such
statements.